The price of gold made a modest rally on Tuesday afternoon, gaining 0.25% to $1,840.91 per ounce after lunchtime, following a turbulent few weeks which saw the precious metal take a -2.31% hit. Responsibility for the uptick, analysts at FX Street say, is “exclusively sponsored by the emergence of some selling around the US dollar, […]

The post Gold rallies ahead of Biden inauguration appeared first on UK Investor Magazine.

Swiss investment bank UBS has announced that it expects silver to outperform gold in 2021, following a year which saw “safe haven” precious metals hit record highs and reap the benefits of global stock market volatility. 2020 was a remarkable year for gold, which surged to a record high of $2,075 in August after one […]

The post Silver set to outperform gold in 2021 appeared first on UK Investor Magazine.

The price of gold fell nearly 2% to a 4-month low on Monday after better-than-expected U.S. business activity data and optimism over the progress in Covid-19 vaccine development sent investors turning away from their safe haven assets, as hopes mount that a swift economic recovery may be on the horizon. Spot gold dipped 1.68% to […]

The post Gold tumbles to 4-month low after strong U.S. data, vaccine progress appeared first on UK Investor Magazine.

An elemental piece of knowledge within the world of finance is that, as an asset, the price of gold tends to work inversely to bearishness in equity markets. This isn’t to say that there is a perfect trend – whereby precious metals dip when global equities are doing well – but when markets falter, gold […]

The post Gold could hit $1800 but what does this say about market sentiment? appeared first on UK Investor Magazine.